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like ronald reagan who understand this principle. bill clinton famously said the era of big government is over and the end of wel welfare as we know it. why? because government is not the answer. government is the problem. there was that other iconic democrat, the one that occupied the oval office in 1962. he spoke of the benefits of cutting taxes. president obama, i hope you're watching this. >> this can be the most important step we could take to prevent another recession. that is the right time to make tax cuts both for your family budget and the national budget. resulting from a permanent basic reform and reduction in our rate structure, a creative tax cut creating more jobs and income and eventually more revenue. it will include an across the the board top to bottom cut in both corporate and personal income taxes. the billions of dollars this bill will place in the hands of the consumer, and our businessmen, will have both immediate and permanent benefits to our economy. every dollar released from taxation that is spent or invested will help create a new job and a new salary and t
the infrastructure in syria in tact. by destroying the infrastructure the governance of that country we allow libya to slip into chaos. we not allow it to happen in syria. best course of action is for us to not do that sort of thing. encourage him to leave. have the russians help us. clearly we have got to maintain that country as a sovereign effective good country with governance in some form. >> we don't have enough time to go through the country. talk about the countries going to play a vital role in whether this is solved peacefully or a bad let's talk about iran. let's talk about russia and let's talk about egypt which one is the king pin in this whole mess? >> rush sharks -- russia, period for syria anyway. base where they have ships coming into. they vin influence over both countries as we know the russians have been helping the iranians. egypt not so much. egypt has its own problems. iranians we are already in their face so to speak. sanctions. issues with elm this. russia is the king pin here. they can do the most good and the most harm. frankly, now if the represents are used they will ho
the government is simply making a peace savings. i do know seniors cannot save $5 billion without someone paying the price. melissa: thank you. be sure to watch the tom sullivan show this weekend. have all wonderful weekend. happy friday, everyone. we will see you back here on monday. ♪ gerri: tonight, did president obama break the law? some in the senate say yes, and now the cases in front of a judge. we will have a heated debate. with more than a million charities and the u.s. alone, how did you find the best one? we have you covered. "welcome to "the willis report." hello, everybody. i'm gerri willis. tonight no progress on the fiscal cliff as democrats and republicans trade barbs over the issue. one group of americans is finding a way through this regardless of congress and the president. small-business owners in this country are preparing to hire. join me now, chief u.s. economist for i may just pull one side. heart of america group founder, and member of the jobs creation alliance and actual job creators in this country who say their voices not being heard in this office took with debate
with this. this is all about, all about trying to preserve medicare. so the government in this case is unusually probably trying to do the right thing. i don't know everything about it yet because it is still a little furry around the edges. but aarp jumped on this. this is not good for members. the premiums. will go down. melissa: if it went through it could be good for the members in the sense that medigap premiums would go down. >> exactly. melissa: that is something their members would really like. but once again they would not. this is the big sticking point that happens again and again. >> right. melissa: you think aarp is out there because you're a senior lobbying in your best interest. meanwhile on their website, call your congressman, do this, do that e-mails. you could be following their lead and doing things actually against your best interest. >> yeah. the problem if you don't really pay attention to what they're doing they mask it so beautifully. they really do, a good job. i watch their commercials all day long. always sounds like they're advocating for their seniors.
detroit bankrupt city government, too. this sure isn't the free market, and i asked why should a texas taxpayer bail out detroit? >>> breaking news from syria, and it is a blockbuster. the assad regime is walking and loading its chemical weapons, ready to use them on its own people. nbc's chief pentagon correspondent joins us now. jim, is this the red line president obama was warning about? >> well, not quite yet. u.s. officials tell us that the syrian military is poised to use chemical weapons against their own people, and all it would take really is the final order from syrian president assad. but we have learned that as of today, all the precursored chemicals for that deadly nerve gas have in fact now been loaded on to aerial bombs, but those bombs are still in the depots. they haven't been loaded on to airplanes yet, and president assad hasn't given the order. but they're pretty close, larry, and that's why earlier this week, of course, president obama issued a very strong statement aimed at president assad saying look, if you use these weapons against your people, there will be se
of their money to the federal government without raising tax rates which we believe am harm our economy. >> one conservative in the senate is breaking ranks with his party over the whole idea of raising tax rates with the party. tom coburn told msnbc today he would be okay with doing what the president wants, raising taxes on the wealthy, as long as it is coupled with entitlement reform and spending cuts. the reason we're told is because he believes at this point it's better to do that to get what he and other republicans want long term, which is a fundamental overhaul of the tax code, perhaps they can get that if they give the president what he wants now. you remember, coburn was among the first republicans a couple years ago to say it was okay to raise revenue. now he appears to be the first senate republican to say he would be okay with raising rates as long as it's part of that package we described. >> a meeting or a phone call between john boehner and president obama, is that at all in the works? >> as far as we know, no. whether it's in the works, we could only hope, at this point we do n
going over the fiscal cliff. >> those three guys are here live. and the man who shut down the government under bill clinton. what newt gingrich thinks it will take to avoid that happening again. >>> plus one of my personal heroes, the fastest man in the history of planet earth. ja ma jamaican sprinter usain bolt revealing a talent you may not know he has. ♪ let's get together and feel all right ♪ >> this is "piers morgan tonight." >>> good evening. our big story tonight, you are so hot, america. i mean that literally. the temperature was a balmy 60 degrees this afternoon in new york just outside cnn's studios. the average high temperature in december is normally 43. a warm front has flooded the lower 48 states. quite extraordinary but is it evidence of man-made global warming? that's tonight's battleground america. joining me now, bill nye the science guy and mark morano, the publisher of climate depo.com. welcome to you both. let me start with you, mark, if i may. you are implacably opposed to the concept of man-made climate change. why? >> we followed the evidence. there are quite
reform debate, which may be apocryphal, "keep government hands off my medicare." the big tea party uprising was in large part a reaction to the idea, quote/unquote, of socialized medicine. it was the affordable care act, and the government, quote, takeover of health care, that fanned the flames of the post-obama tea party protest. but, of course, most of the actual republicans who were actually elected back then were elected because they ran ads like this. >> congressman brad ellsworth said he would protect our seniors. but when he got to washington, congressman ellsworth voted for the largest cuts in medicare history, over $500 billion. robin carnahan supports $500 billion in medicare cuts, hurting seniors most. rand paul doesn't support higher medicare deductibles for seniors. conway distracts with negative ads to hide his support for obama care, which cuts medicare by $500 billion. >> that was 2010. fast forward to this year's election and the same principle carries through. each side tried to convince voters that the other guy wanted to take the hatchet to medicare. >> the bigg
on the ads, making shut down the government, make them look bad, recreate 1995 which i participated in. you make it look bad and you get a shot to take back the house and create american public opinion to work for you. >> and the country goes bankrupt thank you for being honest. >> i'm not writing policy, nor am i policy person, but i do understand. this is an attempt under this president to ensure that the republicans look as bad as they have never looked. lou: the republicans, this is a direct attack. and to elements of the dna of the republican party. one is low taxes and secondly, it is a sense of fiscal prudence and responsibility. if they play it is entirely wrong they could have both of those elements of their dna strips from them. >> that is right. the thing i worry about is the republicans seem to negotiates themselves. they blew an opportunity to frame this issue to the american people. when you had the senate minority leader, and laugh when he heard about the proposal, if i were him i would have come out and said, you know what, this administration wants to usurp the constitttion
the presidential palace today. jim joins us now on the telephone. >> well, those tense of thousands of anti-government protesters who did the marching on the presidential palace were initially met by riot police who blocked off all approaches to the symbolic seat of power, the palace. these protester were calling loudly for an end to president morsi's decrees. we know they've given him near absolute power. they also call for a cancelling of that snap referendum that he's called for to ratify a draft constitution, which many critics here are saying favors egypt's islamists. at one point, the police were seen firing tear gas into the crowd, but that backfired when some protesters broke through police lines. police then dropped back, regrouped, and order soon returned. eventually morsi's motorcade was seen leaving the palace. then the police slowly left the area as well, leaving it to a lot of baffled protesters, wondering what to do. many of them went home at that point. maria, the opposition calmed this protest a last warning. it may give them a shot in the arm. they did look good tonight and looked li
except trying to rein in government. >> the truth of the matter, what's a starting to happen is that international investors, the fact that we cannot govern is going to really come home to roost. >> gld man says this is the first time he's seen people take it out of american markets. >> it's he supposed to work this w way. they can't govern either. >> i was so hopeful, i wasn't obviously thrilled with the election results, but i actually thought that result might be the result we needed to get thefshs done. >> in a way you you have the situation where -- >> you extend 98 but not the 2? believing that story is so -- >> either raise them on everyone or raise them on -- either it will hurt the economy if you raise taxes or it's not. on 98 it won't hurt, on 2 it will -- >> we'll have more on this argument. in the meantime, let's talk about some of the other headlines. financial firms are gathering for the goldman sachs financial services contractors. a key presenter is brian money tha moynihan. we talked about his reports of planned fee increases. plus there was the issue of pres
in the past. when americans are better off, they pay more in taxes. the government can pay for the usual things and pay down the debt. president clinton, the surplus, he got that partly from raising revenue. raising taxes. but also he did it in a way that grew the economy and the nation prospered and the debt became no big deal and then the debt was gone and the debt clocks that were supposed to be scary got shut off. that was because of prioritizing economic growth and being willing to raise revenues. look when we started growing again after the recession. it was not long after the stimulus kicked in. the government spent money and the economy grew. that's how it works. that's why it used to be a beltway consensus when the economy needed to e grow, you needed economic stimulus in terms of your fiscal policy. now the discussion about how we need to make sure we contract the economy and cause as much pain as possible to the people who will be hurt the most by that contracting, maybe that makes sense on sunday morning, but the rest of us go to work during the week and sometimes we go to pa
: the big question still what will the federal government do. pot still illegal federally burning here and soon in colorado. >> so miguel, you just mentioned that there could be this boom in tax revenue if they tax it at 25%. i don't understand how that will work because today you can't buy it, you can't sell it and you can't grow it legally. how can you tax it? >> reporter: that's the huge piece that needs to be worked out by the washington state bureau of liquor that's going to run all of this just like they regulate liquor sales, they're going to regulate marijuana sales. they're going to license and tax the growing, the processing and retail sales for all marijuana all at 25% plus fees for every individual that goes into those various businesses. they project that in the first five years nearly $2 billion from this program alone. >> and then this is not the only state because during this federal election there were two states that ended up on positive end of legalizing recreational marijuana. the other one being colorado. why do we not see a party there today? >> reporter: because
place in government. >> including at a federal level? >> including at the federal level. that's what elections are. collective bargaining. >> house democratic leader nancy pelosi pointed out jim demint was one of the ringleaders in voting down the u.n. treaty for people with disabilities this week. >> that was one of the saddest days, so anyone who was a party to that, well, i wish them well wherever they are going and hope that we can have more of our values represented there. >> it was demint and his tea party allies who pushed the country to the brink of default back in 2011. this is what demint told abc news about republicans who tried to strike a debt deal. >> what happens if -- what happens to republicans who go along with a debt ceiling increase? if they go along with the debt ceiling increase without a balanced budget amendment and the kind of stuff you're talking about? >> i think for the most part they're gone. it would be the most toxic vote we could take. >> demint's far right ideology is a key reason nothing gets done in this congress. house speaker john boehner is curre
. but sounding off, chanting anti-government and anti-president slogans. they've left that area, but the opposition still out here protesting against the president in tahrir square. >> we'll keep a close eye on that situation. i'm brooke baldwin in atlanta. thanks for being with me. let's go to wolf blitzer. "the situation room" begins right now. >>> happening now, president obama says we're out of time for anything but a down payment for solving the nation's spending crisis. >>> amid fears, the government may resort to chemical weapons, nato says yes to turkey to giving them patriot missiles. we'll talk to the former british prime minister, tony blair. >>> as they await a new heir to the throne, the british consider changing the rules about who can become king or queen. i'm wolf blitzer. you're in "the situation room." >>> we begin with president obama's latest ideas for getting past the standoff with house republicans. he now says there isn't enough time left to do a comprehensive deal, including tax reform, fixing medicare. so he wants congress to raise tax rates for the weal
to dangerous levels that might have required a government bailout. a lot of people weren't marking things where needed to go. >> i have a lot of questions about this story. it's an amazing allegation. $12 billion in paper losses. >> a lawyer from one of the whistle blowers will join us at 6:50. in a statement to cnbc, the bank says that allegations have already been investigated and all accounting was proper. >> my biggest questions are the allegations say the bank was doing it 2007 to 2010 and nobody came forward until late 2011 to make any complaints. i just wonder if you had been complaining the whole time along -- >> we just had this discussion about how far away do you need to be to where it's a false mark. at least 10% wiggle room. there were no buyers. if there is buyers, does that make it zero. >> basel 2 created a system that if things became less liquid, there is no change in the actual value of of the underlying asset. just couldn't sell it. so it's a bit like saying my house is a lesser asset because i can't accept it right now even though i don't want to sell it right now. >> who m
to believe a president or anyone else that later on the government is going to do this? i mean, does he think -- i mean, it's absurd. no american is going to trust that i'm here from the government and here to help you or don't worry, we're going to do this alert. >> it goes back to the basic premise i stated which i don't think the president really wants a deal. he's happy with the deal he's got, and unless the republicans. >> he has no deal. >> he does. he has the deal put in place over a year ago which is all the tax rates going back to where they are, and two big cuts, a big cut in defense and a big cut in domestic program. >> so he wants to go off the cliff. >> all right. he doesn't see it as a cliff. he sees it as a pretty good deal that they negotiated over a year ago that puts him in a position where he doesn't have to negotiate, that he can negotiate from a position of strength. >> but he has a slight other problem and that's at the end of december we're going to bump up against the debt ceiling and he wants that debt ceiling to go up. here's another thing he did which maybe you can
before or after the government goes over the so-called fiscal cliff. "new york times" columnist david brooks describes it this way. republicans will be raising middle class taxes in order to serve the rich. shafting sam's club to benefit the country club. if republicans do this, they might as well get mitt romney's 47% comments printed on t-shirts and wear them for the rest of their lives. so republicans have to realize they're going to have to cave on tax rates. the only question is what they get in return. michael steele is former chair of the republican national committee and an msnbc political analyst, and steve mcmahon's a democratic strategist. michael, you're on the republican side, and what do you think of that? the argument made by brooks which is more sophisticated. make your deal now while you can get something for it because after january 1st you will just be saving your rear end. >> i think he's absolutely right. i think part of that deal should include giving the president what everybody in this town agrees on, and that is those middle tax cuts for the middle class out o
freedman brought us, that spending is really the tax bill. it's just delayed. so, every toll the government spends eventually they're going to have to take it from someone, either in taxes or in inflation, so, this is why you're seeing a lack of business investment is because this massive spending and huge debt tells every business owner, every investor, big tax are are coming to eventually pay for this. >> what was the point of the piece? i know there's hand wringing out there, maybe the folks on the right say under obama our taxes have gone up and we may more in taxes than we've ever paid and attempt to say, we're not-- >> this is long-term by the president and his allies to create an intellectual justification to raise taxes and in this case, they use the reagan years and often went back to times after world 2, where we were the only big kind of big, healthy industrial economy to say look, we grew then. and again, the point is that we're in a slow growth economy, high unemployment economy, a more competitive world thanks in part to our policies of the past, we need to compete and the hig
leadership and also, i'm someone who wants to govern and i can only govern if i make you understand that i'm not going to put up with it anymore. >> it seems like an outburst that has been two years in coming and is loaded with things like, we don't have control of the united states senate because of you, tea party people who have given us nuts as republican senate nominees. and boehner's life would be so much better if he was working with a republican senate instead of the democratic senate he is working with. >> yes. and also, though, i think this message is that the speaker, he wants to govern. the whole point of coming to washington is not just to slash, cut, close. it is about governing. and john boehner for whatever you think of him is someone that wants to get a deal. he wants to govern. by doing what he has done, he is saying, look. enough with the games. we don't have the senate as you were saying. the only way we can do this is if i pull on the reins a whole lot. not just a bit. that's what he's done. >> the striking thing is how much outrage there is not. we had to comb around t
. adam: some people think investing sometimes is too good to be true. what is the government's (in nailing steve cohen? charlie: i do not think people are focused on the fiscal cliff. they will not be focused until you see the market sell off. the market believes there will be a deal. until the market trade-off -- adam: we have a guest who will be talking about that a little later on as we get closer to the end of the year. the investigation is still underway. charlie: when you see the market trade-off you watch people freak out. interesting thing about steve cohen, there is no more remarkable trader out there than this guy. say what you want to about him. if you look at his returns, i think he started in 92, one down here. he is up this year, so far, 10%. that is why the feds are after him. i have been speaking to a lot of people with the fpi. long-term returns, consistent and less volatility. what they do, generally, they look at returns, pretty much steady returns, not a lot of volatility. you look at steve collins return, one down year. you look at warren buffett. he destroys p
medicare, from 65 to 67. that would help the government save almost $6 billion a year, according to one study, though it would also come at a cost. an average of $700 more in out-of-pocket costs for those seniors no longer eligible for medicare, not to mention additional health care costs for employers. and, diane, you talked about the political cold front here in washington, d.c. how frosty are things? well, house speaker john boehner did come to the white house last night for president obama's annual holiday party for members of congress, but he did not get in the receiving line to say hello to the president and get a picture taken with him as he has done in previous years and as dozens, if not hundreds, of members of congress did last night. diane? >> okay, jake tapper reporting from the white house tonight. >>> and now we head overseas. take a look at the size of this protest today in cairo, egypt, tahrir square, tens of thousands of protesters reeling from tear gas but determined to send a message to the world about their new duel over democracy, and here's abc's alex marquardt. >>
so much, rich. >>> and now, we turn to our consumer watchdog. the government sounding the alarm tonight about something that affects millions of older americans. you may have seen commercials calling for a reverse mortgage. but tonight, abc news has learned there's growing concern and the government may be ready to take action. here's abc's senior national correspondent jim avila. >> it was just grand. this was our dream. >> reporter: the family home, dream and nest egg for wisconsin's linda and jim mcmahon. until it had to be sold out from under linda to pay back a reverse mortgage as soon as her husband died. >> i get a letter, sorry to hear about your husband passing away. buy the house or move out. >> reporter: reverse mortgages give homeowners an immediate cash payment in exchange for future equity. allowing them to stay in the house until death. but only people 62 and older qualify. linda was too young to be on the mortgage, so, when her older husband died, she lost everything. it's only one danger inherent in the reverse mortgage. >> hi, i'm fred thompson. >> hi, i'm henr
that went to congress not to limit government but to stop it. so what are you going to do? we have five democrats, five republicans that range from dick durbin from illinois and coburn of oklahoma, progressive conservative and five dems, five ren, one independent. that is a super majority. and for god sake, the reason we were so successful is that we effectively pissed off everybody in america. >> congratulations, sir. kudos. kudos to you. >> and there you go. alan simpson painting a bleak picture behind the scenes of the fiscal cliff negotiations. good morning. this is "way too early." thanks for being up with us this morning. we have a lot to get to on this thursday, december 6. >> including president obama actually making his appeal to business leaders on his tax plan. he's now reaching out following a very tough election campaign. >> and overseas, protests get violent in egypt where the once stable nation appears to be on the verge of crisis. first, let's get to the news live at 5:30 here at 30 rock in new york city. we begin with 25 days to go until the year end fiscal cliff deadli
rejected the constitution drawn up by the government, along with a referendum on it scheduled for next week en. in doing so they also said no to a form of compromise offered by president mohammed morsi who late last night rescinded a decree giving him unlited powers. morsi immediately issued a new decree that does of the same thing with the figure leave of a totally new constitution within six months. if the referendum rejects the present draft. the opposition is convicted morsi's muslim brotherhood wants to redraw the face of egypt. but the final goal isn't that clear according to khalid fahmy. >> they have an agenda of controlling all the institutions of the state. for what purpose, is significant to know. it is not necessarily to turn it into an islamic country. >> reporter: whatever the case the presidential palace is being turn mood a fortress under siege. barricades to keep protestors back have been reinforced which may be a good thing. the opposition called for nationwide protests on tuesday. morsi today ordered the military to maintain security and protect state institutions and poe
kind of impact will government spending on things like medicare, social security, i mean, do you think it has gotten out of control? >> it is scheduled to go up by several percentage of gdp over the next couple decades. that had to be turned around. i think that everyone recognizes that is were spending control has to be focused on if we are to avoid much higher tax rates or an explosive national that. i think it is clear that the republicans are saying we will only go along with higher tax revenue, not higher tax rate, but revenue, if the administration will come forward with some plans to slow the growth of spending. lori: all of this going on against the backdrop where we have had low inflation. the fed has promised these low record rates all the way through 2013. what happens if we do get a situation where the fiscal cliff does involve higher taxes? you have higher taxes, a slowing economy and baby inflation. what do you think, will it start to kick in click select this is a recipe for disaster >> the accumulation of excess reserves in the commercial banks that right now are just p
benefits in dollar value from the federal government than they pay back in taxes. so we're going to a majority of takers versus makers in america. >> chasing ever-higher spending with ever-higher tax rates will decrease the number of makers in society and increase the number of takers. >> we do not have a nation, a majority of takers, we want to ç have a majority of makers. >> to hear paul ryan tell it, a sizable chunk of the american people are nothing but freeloaders, mooching off the productive folks at the top. that kind of talk made him the perfect partner for mitt romney, didn't it? but wait a minute, that was the old paul ryan. we've got a new and improved paul ryan and he's singing a much different tune. last night in his first address since the republican's defeat, romney gave some veiled criticism of his former running mate's 47% remarks by offering this. >> both parties tend to divide americans into our voters and their voters. let's be really clear. republicans must steer far clear of that trap. we must speak to the aspirations and the anxieties of every american. >>
with disabilities. and another provision of the treaty that can be read to obligate the united states government to pay for abortion services. >> you are just interpreting things. it doesn't -- it never uses the word abortion. it basically says on -- that disabled people should have the same access to health care that other people have. that nondisabled people have overseas. again, we're talking about overseas. >> it does refer to reproductive rights and reproductive rights in this context has been interpreted to include abortion. and this is an -- >> interpreted by you. >> yes, and a number of other people who have looked at it as well. so the point is that if this does mean something, and if it could mean something that could impact u.s. law -- >> but this treaty states, it's not self-executing. and the u.s. supreme court has said that a nonself-executing treaty doesn't create obligations that can be enforced in u.s. federal courts. >> the fact that it may be nonself-executing, anderson, doesn't mean it doesn't have any impact at all. it just means you may not be able to bring a lawsuit arisin
and the cuts in the government won't be as severe as a lot of people are fearing. >> sounds optimistic. and a new report showing more small businesses are putting a for sale sign on their doors. who's selling, who's buying, and why? it's the internet's largestsell, marketplace for buying and selling small businesses. ♪ [ male announcer ] this is steve. he loves risk. but whether he'slimbing everest, scuba diving the great barrier reef with sharks, or jumping into the marke he goes with peoplee trusts, which is why he trades with a company that doesn't nick and dime him with hidden fees. so he can worry about other things, like what the market is doing and b ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. can i still ship a gift in time r christmas? yeah, sure you ca great. where's yr gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® f
about the role of government than they are to supporting our men and women in uniform. what they have done today is laid their cards on the table. they will use each and every opportunity to keep their base paranoid, angry, in an effort to undermine our democracy. i believe there are smart, committed republicans there wanting to dedicate themselves to service our country. but they have to get this wing of their party in line. they are dangerous to our democracy. >> do you think there's sole searching going on? what have we become? >> i don't think among those 38 who voted no. i don't think so at all. i think with john mccain, who after all was the standard bearer in 2008, has mixed history with the conservative wing. even john boehner and i would bet you somewhere in the recesses of his heart and mind mitch mcconnell. mitch mcconnell is up in 2014 in kentucky. he never wins going away in kentucky. that's an issue there. there will be lots of others. but not these 38. they really do see it as the hand of the united states in world government reaching down into local towns in utah and t
. every man, woman, and child owing the government over $50,000 and that number is increasing every single year. and i think as a result our members understand that we've got to solve the problem and we will. >> so the bottom line is it really seems obvious, especially after talking to members coming out of that meeting, that they have been able to at least so far turn the rank-and-file and obtained them and said to the conference, the american people re-elected, meaning the president, and re-elected us. that's not a mandate to raise taxes. it's a mandate to work together. >> mandate to work together which means they may not go on their break which is expected. i heard the speaker tell you that he's going to tell you as well. quickly, dana, he's going to stay regardless of whether they go on break, right? >> reporter: right. and the question was the house of representatives is going to finish their work this week in about 45 minutes and it's only wednesday. >> right. >> reporter: they are going to go home. they are not going to be in session on thursday or friday. i asked the speaker wheth
, look, we're for smaller government, less government interference. >> we have this historical battle between thomas jefferson and alexander hamilton going all the way back to that point, how much government do we want or not want. but on an optimistic note, we always seem to manage to get beyond this. >> congress is busy at work and just not on the fiscal cliff. ac, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars together for your future. to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations
government bailout. going to save the federal housing administration. time for stocks as with every 15 minutes, let's had before the new york stock exchange, nicole petallides standing by. down 13. nicole: this is one of those markets with a lot of anticipation. every focuses on the fiscal cliff. tomorrow is the all-important jobs report for a lot of folks have been hearing more economic news which has been more dismal lately. talk about more layoffs they have seen in november. right now the market is not too far off the unchanged line. the acidity holding 1400. the tech of the nasdaq still below 3000. today apple is now moving into the green and that is one of the reasons why it is holding on to a quarter percent gain. apple $700, 705 in september traded as low as 518 today. certainly has been under significant pressure, however people use that as a buying opportunity which is evidenced in the two-day chart. with the fiscal cliff fast approaching, naturally it's about time lawmakers took a long recess. >> they're gone today, but will be back tuesday. it meets with small businesses in
moving to a different inflation adjustment for social security and other government programs. they also talk about reform of medicare to include private sector competition with a traditional fee for service medicare plan. all of those are things that are within the zone of discussion that both -- between the two of the parties. now, president obama went on twitter this afternoon, took questions from the public to try to build pressure on republicans. he got one question from an average person saying, well, will my mortgage interest deduction be threatened by these fiscal cliff talks? and the president used that as a lever to say, that's why rates have to go up, because if they don't, they're going to sister to squeeze middle class deductions. that's the president trying to put pressure on. but i think now that we have offers on paper from both sides, there at least is a prospect we'll have more serious bargaining in the days ahead. >> yes. and that is good news. thank you so much, john harwood with the latest there. more now on the fiscal cliff. one of the industries with the most at st
with breaking news. new signs tonight the syrian government could be preparing to do the unthinkable, unleash chemical weapons on its own people. the united states has new intelligence suggesting syrian forces now mixing the ingredients used to make deadly serin gas. a serious civil war has progressed. the obama administration has repeatedly warned even just moving chemical weapons would be a red line that could draw a swift response. just hours ago, president obama directly addressing the assad regime about this latest intelligence. >> today, i want to make it absolutely clear to assad and those under his command, the world is watching. the use of chemical weapons is and would be totally unacceptable, and if you make the tragic mistake of using these weapons, there will be consequences and you will be held accountable. >> the world of course has been watching in horror at the atrocities committed by the syrian government. that's why this fear of chemical weapons is so real tonight. we want to show you new video posted on youtube reportedly showing families just after their neighborhood becam
the government. the politicians. good politicians don't take their countries off of cliffs. "the ed show" starts right now. >>> good evening, americans. welcome to "the ed show" live from washington, d.c. tonight, breaking news from the nation's capital. house democrats are turning the screws on house speaker bain. this is "the ed show." let's get to work. >> unfortunately, the speaker's proposal is still out of bala e balance. >> the president responds to john boehner, but democratic leader nancy pelosi has a plan to get around the speaker. tonight, leader pelosi joins me for an exclusive interview. >>> senator john kerry like you have never seen him before. the statesman from massachusetts scolds the radical right after senate republicans block a u.n. treaty on rights for the disabled because they are concerned about home schooling. you don't want to miss this tape. >>> plus my interview with ohio senator sherrod brown on what looks like a massive win for progressives and elizabeth warren. >>> then senator debbi stabenow of michigan on the latest in the fight to end republican obstruction. an
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